MARKAR
ActiveSummary
MARKAR has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295,021 and a net result of €104,656, of which €58,000 non-recurring income. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 48% of 4,800 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-02-1986 Normal situation
- Activity
- Full-service restaurants NACE 56111and 2 others
- Establishment unit
- 2.042.062.113 8820 Torhout, since 04-03-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 27-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €601,198
- ▲ 3.4%
- Turnover
- ≈ €1.4m
- estimated
- Profit
- €104,656
- ▲ 5.6%
- Equity
- €295,021
- ▲ 55.0%
- Total assets
- €1.1m
- ▲ 6.5%
- Employees on 31-12-2025
- 13
- ▲ 30.0%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)lowers riskSize: total assets €1.1mFounded in 1986Figures for financial year 2025 (filed on 29-06-2026)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Strong
Solvency
53+9
equity 27.6% of total assets
Liquidity
69+1
short-term debt 17.7% · cash 19.0%
Profitability
81=
return on assets 9.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025highest value
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%▼ -1.9 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.3 in 2024), below the usual 1.5. Short-term debt is 17.7% and cash 19% of total assets. 72.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 49% of them on solvency, 73% on liquidity, 67% on profitability and 82% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
49 days early
2023
51 days early
2022
59 days early
2021
54 days early
2020
31 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 40 filings
Turnover
≈ €1.4m
Estimated: probably between €1.3m and €2.0m
Total assets
€1.1m▲ 6.5%
2024 · €1.0m
Net result
€104,656▲ 5.6%
2024 · €99,093
Working capital
€55,325▼ 1.0%
2024 · €55,877
In the rankings
#3 oldest company in Torhout, Accommodation and food service sector#4 company by total assets in Torhout, Accommodation and food service sector#5 company by equity in Torhout, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€163,981
▲ 5.5%
2025
20182025
Net result
€104,656
▲ 5.6%
2025
highest quarter of the sector
20182025
Equity
€295,021
▲ 55.0%
2025
highest quarter of the sector
20182025
Total assets
€1.1m
▲ 6.5%
2025
highest quarter of the sector
20182025
Debt
€773,365
▼ 4.9%
2025
20182025
Working capital
€55,325
▼ 1.0%
2025
middle half of the sector
20182025
Solvency
27.6%
▲ 8.6pp
2025
middle half of the sector
20182025
Current ratio
1.29
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
9.8%
▼ 0.1pp
2025
middle half of the sector
20182025
Staff (FTE)
12
▲ 29.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m--€0.03m€0.008m€0.03m▲ 294%€0.1m▲ 200%-€0.03m€0.2m€0.2m▲ 5.5%
Net result€0.003m--€0.04m€0.02mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 29.7%€0.07mwithin the sector's middle half▲ 143%-€0.05mbelow the sector's middle half€0.1mabove the sector's middle half€0.1mabove the sector's middle half▲ 5.6%
Equity€0.1m-€0.1m▼ 30.5%€0.1mwithin the sector's middle half▲ 8.2%€0.08mwithin the sector's middle half▼ 19.8%€0.2mwithin the sector's middle half▲ 88.4%€0.1mwithin the sector's middle half▼ 30.5%€0.2mabove the sector's middle half▲ 75.2%€0.3mabove the sector's middle half▲ 55.0%
Total assets€0.4m-€0.4m▼ 8.1%€0.3mwithin the sector's middle half▼ 13.7%€0.4mwithin the sector's middle half▲ 27.5%€0.3mwithin the sector's middle half▼ 19.0%€0.9mwithin the sector's middle half▲ 185%€1.0mabove the sector's middle half▲ 8.5%€1.1mabove the sector's middle half▲ 6.5%
Debt€0.3m-€0.3m▲ 3.8%€0.2m▼ 21.6%€0.3m▲ 50.7%€0.2m▼ 47.1%€0.8m▲ 385%€0.8m▼ 0.4%€0.8m▼ 4.9%
Working capital€0.08m-€0.05m▼ 36.3%€0.09mabove the sector's middle half▲ 75.9%€0.03mwithin the sector's middle half▼ 69.0%€0.1mabove the sector's middle half▲ 409%-€0.02mwithin the sector's middle half€0.06mabove the sector's middle half€0.06mwithin the sector's middle half▼ 1.0%
Solvency34.7%-26.2%▼ 8.5pp32.9%within the sector's middle half▲ 6.7pp20.7%within the sector's middle half▼ 12.2pp48.2%within the sector's middle half▲ 27.5pp11.7%within the sector's middle half▼ 36.4pp19.0%within the sector's middle half▲ 7.2pp27.6%within the sector's middle half▲ 8.6pp
Current ratio1.70-1.40▼ 0.312.34above the sector's middle half▲ 0.941.15within the sector's middle half▼ 1.192.41above the sector's middle half▲ 1.270.88within the sector's middle half▼ 1.531.30within the sector's middle half▲ 0.411.29within the sector's middle half▼ 0.01
Return on assets (ROA)0.8%--11.5%▼ 12.4pp7.4%within the sector's middle half▲ 18.9pp7.5%within the sector's middle half▲ 0.1pp22.6%above the sector's middle half▲ 15.1pp-5.2%below the sector's middle half▼ 27.8pp9.9%within the sector's middle half▲ 15.0pp9.8%within the sector's middle half▼ 0.1pp
Staff (FTE)8.4-9.5▲ 13.1%6.1within the sector's middle half▼ 35.8%6within the sector's middle half▼ 1.6%6within the sector's middle half=9.7within the sector's middle half▲ 61.7%9.3▼ 4.1%12within the sector's middle half▲ 29.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€823,912 ▲ 8.4%
Current assets
€244,474 ▲ 0.5%
Equity and liabilities €1.1m
Equity
€295,021 ▲ 55.0%
Debt
€773,365 ▼ 4.9%
Debt's share of the balance-sheet total falls from 81.0% to 72.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€223,107▲
2024 · €210,868
Cash flow
€163,782▲
2024 · €154,511
Quick ratio
1.12▼
2024 · 1.12
Debt to equity
2.62▼
2024 · 4.27
ROE
35.5%▼
2024 · 52.1%
Interest coverage
8.32▲
2024 · 7.35
Debt ≤ 1 year
€189,149▲
2024 · €187,478
Debt > 1 year
€567,707▼
2024 · €614,047
Income taxes
€38,123▲
2024 · €29,639
Staff costs
€367,063▲
2024 · €362,004
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 10 | 10 | 13 |
| full-time | 5 | 5 | 6 | 7 | 9 |
| part-time | 1 | 1 | 4 | 3 | 4 |
| in full-time equivalents | 5.4 | 6 | 8.3 | 8.8 | 12.7 |
| Average over the year, in full-time equivalents | 6 | 6 | 9.7 | 9.3 | 12 |
| On a permanent contract | 6 | 6 | 7 | 8 | 8 |
| Joined | 19 | - | 71 | 54 | 75 |
| Left | 19 | - | 69 | 54 | 72 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €619,547 | - | - |
| Debts guaranteed by Belgian public bodies | - | - | €0 | - | - |
| Mortgages, amount registered | - | - | €693,000 | €693,000 | €693,000 |
| Carrying value of the mortgaged assets | - | - | €703,655 | €680,253 | €763,361 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €76,562 | €5,677 | €847,766 | €20,943 | €123,153 |
| Depreciation and write-downs of the year | €32,672 | €27,869 | €137,066 | €55,418 | €59,126 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €55,262 | €750 | - | €58,000 | - |
| Remuneration, social security and pensions62 | - | - | - | €144,257 | €304,401 | €353,621 | €362,004 | €367,063 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,898 | €41,815 | €38,270 | €32,672 | €27,869 | €137,066 | €55,418 | €59,126 | ▲ 6.7% |
| Other operating charges640/8 | - | - | - | €6,636 | €10,753 | €8,416 | €8,491 | €11,028 | ▲ 29.9% |
| Gross operating margin9900 | €318,042 | €275,061 | €166,969 | €216,636 | €442,081 | €469,033 | €581,363 | €601,198 | ▲ 3.4% |
| Operating profit (loss)9901 | €26,378 | -€25,828 | €8,400 | €33,071 | €99,058 | -€30,070 | €155,450 | €163,981 | ▲ 5.5% |
| Financial income75/76B | - | - | - | €2,863 | €292 | €748 | €1,962 | €5,599 | ▲ 185% |
| Recurring financial income75 | €4,211 | €3,565 | €3,247 | €2,863 | €292 | €748 | €1,962 | €5,599 | ▲ 185% |
| Financial charges65/66B | - | - | - | €4,001 | €4,284 | €18,095 | €28,680 | €26,801 | ▼ 6.6% |
| Recurring financial charges65 | €21,154 | €19,301 | €12,075 | €4,001 | €4,284 | €18,095 | €28,680 | €26,801 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €9,436 | -€41,564 | €25,891 | €31,933 | €95,066 | -€47,418 | €128,731 | €142,779 | ▲ 10.9% |
| Income taxes67/77 | €6,064 | €410 | €2,602 | €1,723 | €21,700 | €314 | €29,639 | €38,123 | ▲ 28.6% |
| Profit (loss) for the period9904 | €3,371 | -€41,973 | €23,289 | €30,210 | €73,365 | -€47,732 | €99,093 | €104,656 | ▲ 5.6% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €63,150 | - |
| Profit (loss) for the period to be appropriated9905 | €3,371 | -€41,973 | €23,289 | €30,210 | €73,365 | -€47,732 | €99,093 | €41,506 | ▼ 58.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | €0.9m | €1.0m | €1.1m | ▲ 6.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.09m | €0.8m | €0.8m | €0.8m | ▲ 8.4% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.08m | €0.8m | €0.8m | €0.8m | ▲ 8.4% |
| Land and buildings22 | - | - | - | €0.03m | €0.004m | €0.7m | €0.7m | €0.8m | ▲ 12.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | ▼ 7.8% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.06m | €0.05m | €0.04m | €0.02m | ▼ 43.7% |
| Leasing and similar rights25 | - | - | - | €0.06m | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 16.1% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | - | - | - |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 0.5% |
| Stocks and contracts in progress3 | €0.09m | €0.09m | €0.07m | €0.07m | €0.05m | €0.04m | €0.03m | €0.03m | ▲ 1.2% |
| Stocks30/36 | - | - | - | €0.07m | €0.05m | €0.04m | €0.03m | €0.03m | ▲ 1.2% |
| Amounts receivable within one year40/41 | €0.07m | €0.05m | €0.03m | €0.05m | €0.009m | €0.01m | €0.02m | €0.005m | ▼ 78.1% |
| Trade receivables40 | - | - | - | €0.002m | €0.001m | €0.005m | €0.002m | - | - |
| Other amounts receivable41 | - | - | - | €0.05m | €0.008m | €0.005m | €0.02m | €0.005m | ▼ 76.1% |
| Current investments50/53 | €2 | €2 | €2 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.04m | €0.09m | €0.2m | €0.08m | €0.2m | €0.2m | ▲ 9.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.003m | €0.003m | €0.004m | ▲ 31.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | €0.9m | €1.0m | €1.1m | ▲ 6.5% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 55.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.09m | €0.09m | €0.1m | €0.2m | ▲ 81.1% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €0.06m | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.09m | €0.09m | €0.1m | €0.2m | ▲ 33.5% |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | €0.003m | -€0.04m | €426 | €0.001m | ▲ 119% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.2m | €0.3m | €0.2m | €0.8m | €0.8m | €0.8m | ▼ 4.9% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | €0.1m | €0.06m | €0.7m | €0.6m | €0.6m | ▼ 7.5% |
| Financial debts170/4 | - | - | - | €0.1m | €0.06m | €0.7m | €0.6m | €0.6m | ▼ 7.5% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.07m | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.03m | €0.06m | €0.06m | €0.07m | ▲ 28.6% |
| Trade debts44 | €0.04m | €0.03m | €0.009m | €0.04m | €0.03m | €0.05m | €0.05m | €0.03m | ▼ 44.9% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.05m | €0.05m | €0.03m | ▼ 44.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.04m | €0.08m | €0.09m | ▲ 12.5% |
| Taxes450/3 | - | - | - | €0.03m | €0.006m | €0.004m | €0.04m | €0.05m | ▲ 30.8% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 7.6% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.009m | €0.008m | €0.01m | €0.02m | ▲ 45.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,371 | -€41,973 | €23,289 | €30,210 | €73,365 | -€47,732 | €99,093 | €104,656 | ▲ 5.6% |
| + Depreciation and write-downs630 | €38,898 | €41,815 | €38,270 | €32,672 | €27,869 | €137,066 | €55,418 | €59,126 | ▲ 6.7% |
| Operating cash flow (approximation) | €42,270 | -€158 | €61,559 | €62,881 | €101,234 | €89,335 | €154,511 | €163,782 | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | -€23,527 | -€10,663 | -€61,392 | €74,379 | -€847,766 | -€18,200 | -€123,153 | ▼ 577% |
| Change in cash | - | -€6,243 | €17,690 | €44,561 | €88,065 | -€97,386 | €104,979 | €18,178 | ▼ 82.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,613 companies had the same profile as MARKAR has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
97.3%
was still going
2.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of MARKAR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for MARKAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00209776 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00139227 | |
| 31-12-2023 | abbreviated format | 10-06-2024 | 2024-00118573 | |
| 31-12-2022 | abbreviated format | 02-06-2023 | 2023-00105113 | |
| 31-12-2021 | abbreviated format | 07-06-2022 | 2022-20049213 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27700311 | |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-31900269 | |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-34700328 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-55600291 | |
| 31-12-2016 | abbreviated format | 18-08-2017 | 2017-44700583 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2022
Board 2
Desplenter Marc
Current
Director · in office according to the act of 30-06-2022 · 6-year term from 2022
Desplenter Yoni
Current
Director · in office according to the act of 30-06-2022 · 6-year term from 2022
Day-to-day management 1
Desplenter Marc
Current
Managing director · in office according to the act of 30-06-2022 · 6-year term from 2022
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“opdracht. Bij gebrek aan bepaling van de duurtijd, wordt het mandaat van de enige bestuurder geacht van onbepaalde duur te zijn. Worden er…”
deed of 04-06-2024Owners and capital
Capital transactions
Capital over time
- 04-06-2024 Capital stated in the deed · €61,500 · 125 shares
Mandate history
2 people, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Desplenter Marc |
|
| Desplenter Yoni |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Alle handelingen nodig of dienstig tot verwezenlijking voorwerp behoudens alleen algemene vergadering bevoegd volgens Wetboek van…”
Articles of association, deed of 04-06-2024 (in Dutch)
Network & group
MARKAR shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of MARKAR. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-06
abbreviated format · 32 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €104,656 ▲5.6%
The operating result of €163,981 and the net result of €104,656 are both a record.
31-12
Financial
Equity above €200,000equity €295,021 ▲55%
After 2 profitable years in a row, equity reaches €295,021.
12-06
micro format · 49 days before the deadline
2024
31-12
Financial
Back to profitnet €99,093
The net result is €99,093, after one loss-making year.
31-12
Financial
Equity above €150,000equity €190,365 ▲75.2%
Equity rises from €108,672 to €190,365.
10-06
abbreviated format · 51 days before the deadline
04-06
Gazette deed
Purpose · Amendment of the articlesCapital · Registered office clause · Purpose change7 points ▸
Gazette deed
Purpose · Amendment of the articles
Capital · Registered office clause · Purpose change7 points ▸
- Capital, €61,500
- Registered office clause, “8820 Torhout,Noordlaan 21”, 5. (deed in Dutch)
- General meeting, 30-05-2024
- Other provision, “ontslag lezing verslag bestuurders, artikel 7:154 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “formaliteiten artikel 7:154 als vervuld beschouwd, unanimiteit” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
2023
31-12
Financial
Weakest financial yearnet -€47,732
The net result drops to -€47,732, the lowest from 2018 to 2025. It recovers the following year.
02-06
abbreviated format · 59 days before the deadline
2022
31-12
Financial
Liquidity more than doubledcurrent ratio 2.41
The current ratio rises from 1.15 to 2.41. Short-term debt falls from €184,846 to €98,697.
31-12
Financial
Equity above €150,000equity €156,404 ▲88.4%
After 3 profitable years in a row, equity reaches €156,404.
Show earlier events
30-06
Gazette deed
Reappointments: Desplenter Marc (director) and Desplenter Yoni (director)3 points ▸
Gazette deed
Reappointments: Desplenter Marc (director) and Desplenter Yoni (director)
3 points ▸
- Director reappointment, Desplenter Marc (director)
- Director reappointment, Desplenter Yoni (director)
- Director reappointment, Desplenter Marc (managing director)
07-06
abbreviated format · 54 days before the deadline
2021
30-06
abbreviated format · 31 days before the deadline
2020
31-12
Financial
Back to profitnet €23,289
The net result is €23,289, after one loss-making year.
31-12
Financial
Equity above €100,000equity €103,552 ▲8.2%
Equity rises from €95,663 to €103,552.
20-07
abbreviated format · 11 days before the deadline
2019
18-07
abbreviated format · 13 days before the deadline
2018
28-08
abbreviated format · 28 days late
2017
18-08
abbreviated format · 18 days late
1986
06-03
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MARKAR in Dutch
Enterprise number
0428.528.875
Legal form
Public limited company
Status
Active, normale toestand
Founded
13-02-1986
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-06-2024 (in Dutch)Registered office and establishments
Registered office
Noordlaan 21, 8820 Torhout, Belgium
Establishment unit
CHANTILLY, Noordlaan 21, 8820 Torhout since 04-03-1986 · unit number 2.042.062.113
Activities
NACEBEL 2025VAT activities
56111
Full-service restaurants main activity
56112
Limited-service restaurants, excluding mobile food services
56301
Cafés and bars
Social security (RSZ) activities
56111
Full-service restaurants main activity
Codes under NACEBEL 2008
VAT activities
56101
Full-service restaurants main activity
56102
Limited-service restaurants
56301
Cafés and bars
Social security (RSZ) activities
56101
Full-service restaurants main activity
Codes under NACEBEL 2003
VAT activities
55301
main activity
55302
55401
Social security (RSZ) activities
55302
main activity
Invoicing and payment
VAT number
BE 0428.528.875
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of June at 18:00
deed of 04-06-2024 (in Dutch)Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhoutunit number 2.042.062.113
Dual-learning approval
1 endedHulpkok (so)
Environmental permits
1 application in Flanders since 2025 · 1 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
1,439 m²
Building footprint
476 m²
Building volume
1,922 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31033A0936/00Z000 | Flanders | 1,438 m² | 1 · 476 m² | 7.9 m · 1 |